Reuters – Bloomberg and Fortune had weirdly competing stories Wednesday on the subject of Warren Buffett’s “million-dollar bet“. The bet’s duration is ten years from January 1, 2008; Buffett is betting a million dollars that the S&P 500 will outperform […]

NYT – “Next stop Dow 57,757? Don’t count on it but Tuesday’s bullish session is in the books.” That dash of market analysis on Twitter wasn’t an impromptu thought from an investor. It was a prewritten post, taken from a library of 140-character […]

Reuters – Less than three months into the job as Yahoo Inc’s chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point that will determine whether he or a slate of dissident directors nominated by the hedge […]

BusinessWeek – Arcapita Bank BSC, a manager of Islamic-compliant investments with $7 billion under management, was forced into bankruptcy by hedge funds that sought to be repaid in full, a lawyer for Arcapita said. Restructuring talks on the company’s $1.1 […]

USA Today – Citigroup’s tab for reimbursing clients who said the financial giant misled them into investing in risky hedge funds marketed as the safety equivalent of municipal bonds has soared to at least $85 million. And counting. The payments, awarded […]

Forbes – Albert Friedberg is a little-known commodities trader who manages $2 billion in Toronto. Last year, during one of the worst 12-month stretches in the history of the hedge fund industry, Friedberg outperformed just about every big shot trader […]

Bloomberg – Billionaire Warren Buffett’s chances of winning a bet that the S&P 500 stock index will outperform a collection of hedge funds are improving, but Buffett still trails the money managers four years into the 10-year bet. Buffett has […]

NYT – A federal judge has ordered Joseph F. Skowron, the onetime star hedge fund manager serving jail time for insider trading, to pay $10.2 million to his former employer Morgan Stanley. In a ruling late Tuesday, Judge Denise L. Cote of Federal […]

USA Today – Citigroup’s tab for reimbursing clients who said the financial giant misled them into investing in risky hedge funds marketed as the safety equivalent of municipal bonds has soared to at least $85 million. The payments, awarded since […]

Forbes – Albert Friedberg is a little-known commodities trader who manages $2 billion in Toronto. Last year, during one of the worst 12-month stretches in the history of the hedge fund industry, Friedberg outperformed just about every big shot trader […]

CNN – Four years into a 10-year wager that the S&P 500 index will return more than a selection of hedge funds, Warren Buffett has almost caught up with his competition. Results are in for 2011, the fourth year of […]